Modern Retail Condominium
5121 Collin Mckinney Parkway, McKinney, TX 75070
For Sale
New
$575,000
CommercialSale, McKinney, TX
Property Size1,250 SF
Lot Size1.79 Acres
Price / SF$460
Days on Market1
Property Features for 5121 Collin Mckinney Parkway
General Information
Property type
Property subtype
Zoning description
Parking features
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Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
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Building Details
Year built
Floors in Building
Number of units
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Building materials
Roof type
Listing Agency:
Loyalty Realty, LLC
Listed By:
Mark Zhen
(917) 843-5335
Added: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# 21432391
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This 1,250-square-foot commercial condominium unit was built in 2019 and has a flexible floor plan suited to retail or office use. Interior finishes include vinyl and carpet flooring, with central heating and central air conditioning. The building has a metal roof, and the unit offers ramp access.
The property is at 5121 Collin McKinney Parkway in the Shops at Lake Forest development. Stacy Road, SH-121 (Sam Rayburn Tollway), and US-75 are identified as nearby routes. The retail center includes a coffee shop, creamery, ramen restaurant, Nigerian restaurant, and veterinary clinic.
The property is at 5121 Collin McKinney Parkway in the Shops at Lake Forest development. Stacy Road, SH-121 (Sam Rayburn Tollway), and US-75 are identified as nearby routes. The retail center includes a coffee shop, creamery, ramen restaurant, Nigerian restaurant, and veterinary clinic.
Key Highlights
- 1,250‑square‑foot commercial condominium unit
- Built in 2019
- Flexible layout for retail or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,092
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,840
$401.8K
Cap Rate 7%
$287,029
$287.0K
Cap Rate 9%
$223,244
$223.2K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$30.2K $24.12/SF
− Vacancy
−$1.4K −$1.16/SF
EGI
$28.7K $22.96/SF
− OpEx
−$8.6K −$6.89/SF
NOI
$20.1K $16.07/SF
Area
McKinney, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,840
Cap Rate 7%
$287,029
Cap Rate 9%
$223,244
Alternative Uses
Best Use
Retail
$287.0K
$251.2K – $334.9K
NOI $20,092 @ 7.0% cap · market cap 3.49%
Second Best
Office B
$229.4K
$200.7K – $267.6K
NOI $16,058 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
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Business Placement
Demographics for 75070, TX
57,712
Population
24,323
Households
2.4
Avg Household Size
34
Median Age
57%
College-Educated
98%
High-School Grad
11.3 sq mi
ZIP Area
5,107
Density / Sq Mi
$106,549
Median Household Income
$65,855
Median Earnings
$1,799
Median Rent
$429,300
Median Home Value
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Market
Average Price Trend$/SF for Retail space in McKinney, TX
Properties on Market for Retail space in McKinney
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - A flexible commercial interior accommodates retail or professional service use in a neighborhood shopping center.
Where is this retail space located?
The property is located at 5121 Collin Mckinney Parkway McKinney, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,250‑square‑foot commercial condominium unit; Built in 2019; Flexible layout for retail or office use
